India and the United Kingdom on Thursday announced the signing of the Terms of Reference to reposition the Joint Economic and Trade Committee (JETCO).
Commerce and Industry Minister Piyush Goyal announced the signing of JETCO saying, "India-UK economic partnership enters a new phase!"
"This institutional reset is a game-changer, strengthening our framework for strategic engagement, driving the implementation of the India-UK CETA, and boosting our joint ambition to significantly enhance our bilateral trade," he added.
On Wednesday, Piyush Goyal met UK Secretary of State for Business and Trade, Peter Kyle. The meeting marked a significant step towards operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA), with both Ministers agreeing to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation and delivery.
Both sides reaffirmed their shared ambition to double bilateral trade by 2030 by leveraging the complementarities between the two economies in areas such as advanced manufacturing, digital trade, clean energy, and services.
The India–UK CEO Forum was also held, bringing together business leaders from both countries to discuss new opportunities in trade, investment, and innovation. The meet was co-chaired by prominent industry representatives from India and the UK.
It served as a key platform to deepen bilateral economic cooperation and strengthen partnerships across sectors. The discussions reaffirmed the shared commitment of India and the UK to advancing a modern, mutually beneficial, and sustainable economic partnership, strengthened by the India-UK CETA.
The meeting concluded with a business plenary attended by senior industry representatives from both sides. Both sides reiterated their determination to advance a modern, inclusive, and mutually beneficial trade partnership, unlocking new opportunities for growth, investment, and innovation.
India-UK partnership is yet to witness more key milestones as UK PM Keir Starmer is on his two-day visit to India, with bilateral trade and investment in focus.
Also read: Keir Starmer says UK wants India trade deal implemented ‘as soon as humanly possible’
Starmer said on Wednesday that he wants UK’s Free Trade Agreement (FTA) with India to be implemented as soon as “humanly possible”. In his first visit to India, Starmer is accompanied by more than 125 business, cultural, and academic leaders, including top executives from Rolls-Royce, British Telecom, Diageo, London Stock Exchange, and British Airways.
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Commerce and Industry Minister Piyush Goyal announced the signing of JETCO saying, "India-UK economic partnership enters a new phase!"
"This institutional reset is a game-changer, strengthening our framework for strategic engagement, driving the implementation of the India-UK CETA, and boosting our joint ambition to significantly enhance our bilateral trade," he added.
On Wednesday, Piyush Goyal met UK Secretary of State for Business and Trade, Peter Kyle. The meeting marked a significant step towards operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA), with both Ministers agreeing to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation and delivery.
Both sides reaffirmed their shared ambition to double bilateral trade by 2030 by leveraging the complementarities between the two economies in areas such as advanced manufacturing, digital trade, clean energy, and services.
The India–UK CEO Forum was also held, bringing together business leaders from both countries to discuss new opportunities in trade, investment, and innovation. The meet was co-chaired by prominent industry representatives from India and the UK.
It served as a key platform to deepen bilateral economic cooperation and strengthen partnerships across sectors. The discussions reaffirmed the shared commitment of India and the UK to advancing a modern, mutually beneficial, and sustainable economic partnership, strengthened by the India-UK CETA.
The meeting concluded with a business plenary attended by senior industry representatives from both sides. Both sides reiterated their determination to advance a modern, inclusive, and mutually beneficial trade partnership, unlocking new opportunities for growth, investment, and innovation.
India-UK partnership is yet to witness more key milestones as UK PM Keir Starmer is on his two-day visit to India, with bilateral trade and investment in focus.
Also read: Keir Starmer says UK wants India trade deal implemented ‘as soon as humanly possible’
Starmer said on Wednesday that he wants UK’s Free Trade Agreement (FTA) with India to be implemented as soon as “humanly possible”. In his first visit to India, Starmer is accompanied by more than 125 business, cultural, and academic leaders, including top executives from Rolls-Royce, British Telecom, Diageo, London Stock Exchange, and British Airways.
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